Shares of Denbury Resources Inc. (NYSE:DNR) gapped up before the market opened on Monday . The stock had previously closed at $1.69, but opened at $1.75. Denbury Resources shares last traded at $1.91, with a volume of 17490500 shares changing hands.

Several research firms have commented on DNR. KeyCorp reissued a “hold” rating on shares of Denbury Resources in a research report on Monday, November 13th. BMO Capital Markets set a $1.00 price target on shares of Denbury Resources and gave the company a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research report on Tuesday, October 10th. Imperial Capital began coverage on shares of Denbury Resources in a research report on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 price target for the company. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $1.50 price target on shares of Denbury Resources in a research report on Friday, September 29th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $1.94.

The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.91.

Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Denbury Resources had a negative net margin of 32.50% and a positive return on equity of 0.28%. The firm had revenue of $266.56 million for the quarter, compared to the consensus estimate of $261.84 million. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. sell-side analysts expect that Denbury Resources Inc. will post 0.06 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of DNR. State of Alaska Department of Revenue increased its holdings in shares of Denbury Resources by 77.9% during the second quarter. State of Alaska Department of Revenue now owns 78,166 shares of the oil and natural gas company’s stock valued at $119,000 after acquiring an additional 34,226 shares in the last quarter. Piedmont Investment Advisors LLC increased its holdings in shares of Denbury Resources by 261.7% during the second quarter. Piedmont Investment Advisors LLC now owns 86,127 shares of the oil and natural gas company’s stock valued at $132,000 after acquiring an additional 62,312 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Denbury Resources during the third quarter valued at about $140,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Denbury Resources by 11.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 96,950 shares of the oil and natural gas company’s stock valued at $148,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of Denbury Resources during the third quarter valued at about $184,000. Hedge funds and other institutional investors own 80.27% of the company’s stock.

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Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

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